71600 Painted Canyon Road, Palm Desert, California 92260, Palm Desert, 92260 - 2 bed, 2 bath
ACTIVE$1,250,000
71600 Painted Canyon Road, Palm Desert, California 92260
2Beds
2Baths
1,263Sqft
217,800Lot
Year Built
1954
Close
-
List price
$1.25M
Original List price
$1.25M
Price/Sqft
$990
HOA
-
Days on market
-
Sold On
-
MLS number
219138536DA
Home ConditionPoor
Features
Excellent View: Desert, Hills, Mountain(s)
Patio
ViewDesert, Hills, Mountain(s)
About this home
We found 3 Cons,6 Pros. Rank: price - $1.25M(77th), sqft - 1263(9th), beds - 2(13th), baths - 2(39th).
Endless potential on 5 Acres.Discover this charming 2 bedroom/ 3.5 bath home nestled in the highly sought after community of Cahuilla Hills. Offering the perfect blend of comfort, privacy and opportunity. The existing home is ideal as a guest home, rental, or temporary residence while you design and build your dream home.The property features flat, buildable land, ample space for horses, gardens or workshops, and breathtaking mountain and sunset views. Conveniently located yet private, this property gives flexibility to live, build, and invest all in one.*** Currently leased Month-to-Month with rental income regenerating $5,900 a month.
Nearby schools
7/10
Palm Desert High School
Public,•9-12•4.2mi
Price History
Date
Event
Price
11/10/25
Listing
$1,250,000
03/23/21
Sold
$473,000
Condition Rating
Poor
The property was built in 1954, making it 70 years old. The listing description explicitly states the existing home is 'dated' and 'likely requiring significant renovation or replacement' to serve as a modern primary residence. It's positioned as a temporary residence or guest home while a new 'dream home' is built on the 5-acre lot, indicating the primary value is in the land, not the current structure's condition. The complete absence of interior photos, particularly of the kitchen and bathrooms, strongly suggests these key areas are severely outdated and in need of substantial repairs and rehabilitation to meet current standards. While currently leased, its condition is far from move-in ready for a discerning buyer seeking a modern home.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 217800, living area = 1263.
Expansive Land & Development Potential: The property boasts 5 flat, buildable acres, offering significant space for designing and constructing a custom dream home, equestrian facilities, gardens, or workshops.
Prime Location & Privacy: Nestled in the highly sought-after community of Cahuilla Hills, the property provides a perfect blend of convenient access and secluded privacy.
Breathtaking Views: Enjoy stunning mountain and sunset views, enhancing the property's aesthetic appeal and overall desirability.
Immediate Rental Income: The property currently generates $5,900 per month from a month-to-month lease, providing immediate cash flow or a temporary residence option.
Versatile Existing Structure: The current 2-bedroom, 2-bath home is ideal for use as a guest house, rental, or temporary residence while a new main home is being designed and built.
Cons
Age and Size of Existing Home: The 1954-built, 1263 sqft home is small and dated, likely requiring significant renovation or replacement to serve as a modern primary residence.
Significant Additional Investment Required: The property's primary value is in its development potential, implying substantial future costs for designing and building a new main residence.
Month-to-Month Lease Management: While providing income, the month-to-month lease requires managing tenants or giving notice, which could impact immediate development plans for the new owner.